Forum Archive Index - September 2003

["Morgy" <ica.sports@xtra.co.nz>]

Cristine

 

You may want to hold fire on this as there is a longterm resistance level at .14 to .16. The ASX order line shows 3 million sell orders between this level as opposed to less than 1.5 million buy orders at around  .12 cents. The chart resistance confirmed by the order line is fairly conclusive at this point.

 

The last 5 days chart pattern shows as follows

 

2/9 close @  .135

3/9 Open @ .14 Close @ .13

4/9 OPen @ .14 Close @ .13

5/9 Open @ .13 Close @ .135

8/9 Open @ .135 Close @ .13 (with the days low @ .125

 

Today the volume is still very low

 

The suckers that bought into the top last time are now selling out to a new group. A drop below .125/ .12  (or thereabouts) will see you below the current uptrend and possibly in trouble depending on what you paid to get in, or if you prefer, a break above the .16 may well see the continuation of the recent advance.

 

Regards

 

 

Morgy

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Tuesday, September 09, 2003 1:16 PM

Subject: Re: Re: [sharechat] XEL good buy at 13c

Same. Very impressed with the ASX and company website research. The only way is up. $1M grant just received has saved the company $1M in own expenditure which will improve the bottom line. Development projects well-progressed and licensing has commenced. Independent reports on their website very flattering. Looking very good indeed. Don't think we'll need to be too patient.

 

Name Change Has Just Been Approved to: Visiomed Group Limited which should take effect soon.

 

Regards,

Cris